Update from the #NYSE Floor June 19, 2014 The day after an FOMC statement has a mild negative bias historically (as does next week – post-Expiration). That said, this is more a buyers boycott (exhaustion?) rather than active selling. Gold spike and ten year back below 2.6% hint markets see Fed as more tolerant of inflation. Lots of unanswered questions in Iraq (e.g. Turkish hostages; et. al.) but market seems satisfied to monitor oil price as the alarm signal. Dangerous to project final volume this early in the day but well try. Looks like an NYSE final volume of 570/650 million shares.
Posted on: Thu, 19 Jun 2014 16:40:08 +0000
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